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across industries and countries. For manufacturing industries with strong commercial links with the non-OECD economies, there …
Persistent link: https://www.econbiz.de/10012445821
, with workers at the highly exposed multinational manufacturing firms experiencing the largest shock-induced earnings losses …
Persistent link: https://www.econbiz.de/10015326474
Persistent link: https://www.econbiz.de/10012515852
The Trans-Pacific Partnership (TPP) aspires to become a state-of-the-art trade agreement linking 12 countries on both sides of the Pacific. In addition to establishing a free trade agreement (FTA) among these countries, negotiators are pursuing a long list of other issues, both trade-related and...
Persistent link: https://www.econbiz.de/10011141172
This paper challenges the conventional academic view that international outsourcing is just another form of gainful trade. Contrary to that view, we show that labourservice outsourcing can reduce the highwage country's welfare even when productmarket trade is beneficial, within a model that...
Persistent link: https://www.econbiz.de/10010891632
We find that risk sharing in the European Union (EU) has been increasing over the past decade due to increased cross-ownership of assets across countries. Industrial specialization has also been increasing over the last decade and we conjecture that risk sharing plays an important causal effect...
Persistent link: https://www.econbiz.de/10005124025
The ‘new’ economic geography focuses on the footloose-labour and the vertically-linked industries models. Both are complex, since they feature demand-linked and cost-linked agglomeration forces. The paper presents a simpler model, where agglomeration stems from demand-linked forces arising...
Persistent link: https://www.econbiz.de/10005136511
Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital...
Persistent link: https://www.econbiz.de/10011276844
Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital...
Persistent link: https://www.econbiz.de/10010374413
<em>Decreasing weight of manufacturing industry in Europe? Between terziarization and opening of the value chains …</em> - This paper aims at understanding the decreasing weight of the manufacturing industry in the main European countries. The … manufacturing firms’ attempt to increase their competitiveness on the international markets. In so doing they tend to focus more and …
Persistent link: https://www.econbiz.de/10008504050